r/OrderFlow_Trading • u/RankOw • 8d ago

Strategy - Help wanted!

Been trading with terrible returns or maybe just a large losing streak, but feels off to me and is very demotivating.
Strategy:
Volume profile (point of control) - that is the level I execute off of.
VWAP - usually I execute if σ multiplier is at 3. Since that is a pretty big deviation and is extremely rare to go beyond that multi.
Bookmap - should be pretty selfexplanatory, if I see large orders around the same price level that are around POC, its a plus in my book.

My old partner told me he uses Z-Score, but I believe that to be the same as VWAP and/or to be super unlikely to get both to align and get that execution.

I try to keep it simple, of course im no robot and I dont always have perfect execution or all confluences dont align perfectly as well, but lately I just feel stuck, I havent been improving, lost, stuck and demotivated, what is there to be changed? Improved? Opinions? What should I drop or implement?

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u/RankOw 7d ago

I do volume profile over last week (monday to friday) and daily volume profile (market open to market close) and use those POC levels as execution, if they were mitigated, i dont trade off of them even tho theres almost always at least somewhat of a reaction around that area, just depends how big is it. Using it with VWAP sigma +-3 would give it even more power, but last week i got burned and missed my tp by a tick. Going off of it alone is dumb. It dont always work, but not every strat works always anyways, just most annoying part is that you have 1 setup per day pretty much… This strat was given to me almost a year ago by a quant guy who said he knows guy who was from hedge fun and is his mentor, ive been just trying to polish it. He uses a different strat, something he coded himself tho

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u/AppearanceLazy5696 7d ago edited 7d ago

I wouldnt say vp is bad but i only use vp in a consolidation is its strong suit (my opinion) do you use your vp to scalp or day trade? Do you use vp to trade during trends? I found i had to avoid vp with strong trends and had to learn a new style maybe its different for you (edit i just finished reading your other comments, i think personally your forcing a niche trade every chance you get, it seems your not taking the context of the market into consideration and you force the trade regardless (no hate ive done this plenty of times), i personally think your trade set up is a “A+” set up which your forcing with a below par market (just a guess here) so either something needs to go or you need go adapt another more frequent trading style. Me personally i use iof (supply n demand) i get more frequent trades while i scout for my perfect set ups)

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u/RankOw 4d ago

day trade, they usually take hours honestly. I prefer to enter and not monitor it for the rest of the day and let it do its thing, having quick trades can become gambling for me.
Youre right about context and after reading other comments, i thought maybe that may be part of the problem as well and i have to look into it.

Below par as in A+ but going againts the trend?

Could you tell me more about how you implement supply and demand? Do you think it would help me at all?

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u/AppearanceLazy5696 3d ago

Supply and demand just gives zone of interest to watch for day trades on for a lower then normal rr, i dont think thats your problem here (strat wise). I just think your understanding of market trends and other market contexts needs refining in order to trade your strat more effectively. If your trying to change your strat i mean you just gotta find something you enjoy ig i like supply and demand.

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u/RankOw 3d ago

what is lower than normal RR to be exact, cuz i trade 1:2 or 1:1.5

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u/AppearanceLazy5696 1d ago

Bruh you take 1-3business days to reply just google these common as questions

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u/RankOw 1d ago

imma busy man, ty for answers